Jim Cramer Talked About These 18 Stocks

9. Figma, Inc. (NYSE:FIG)

Number of Hedge Fund Holders: N/A

Figma, Inc. (NYSE:FIG) is one of the stocks Jim Cramer talked about. Cramer discussed the stock’s strong gains post-IPO and its decline. He said:

“Let’s talk one that I was really flagging to you, as I didn’t want you in. It’s called Figma, that’s the design software company that came public at the end of July. Figma is a great company, but when I covered the story just a couple of days ahead of the IPO, I told you I was worried that the deal might be too hot. Sure enough, Figma soared from an offer price of $33 to an absurd high of $142 and change on just its second day of trading. I was so upset… Since then, Figma stock has been eviscerated, falling more than 60% from its high to the low 50s today. When they reported their first quarter as a publicly traded company last week, the numbers were actually pretty good, but the stock plunged 20% the next day simply because it never should have been that high in the first place.”

Figma, Inc. (NYSE:FIG) provides a browser-based platform for collaborative interface design, prototyping, and team workflows through different tools.